What is IRC-100? The development of the IRC100 Protocol is closely tied to IOST.(great publish)

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13 Jan 2024
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The RC100 Protocol is the first inscription platform on IOST, focusing on building the IOSK token and a marketplace for the entire ecosystem.


What is IRC-100?

The IRC100 Protocol is a protocol focused on expanding the Bitcoin network and inscription technology. The development of the IRC100 protocol is closely associated with the IOST blockchain.

The project was built with the goal of minimizing barriers to entry into the potential inscription market today. Ecosystems like Ordinals often demand a participation threshold and relatively high fees.

Meanwhile, most users lack sufficient understanding of the Bitcoin network, leaving the Bitcoin inscription community in the minority. The launch of the IRC100 Protocol is expected to significantly address this issue, providing a "minting experience" and "revenue opportunities" for a large number of users.



Marketplace of IRC100 Protocol

The project aims to build a marketplace for the entire ecosystem and continue to develop further in the future.

Currently, the marketplace is trading IOSK based on the IOST market price. The 24-hour trading volume is 150 IOST. IOSK has a total supply of 880,000,000 tokens.


The IRC100 Protocol may be in the early stages of development, as both the platform and the IOST blockchain lack extensive information. IRC100 Protocol has not disclosed some essential information such as tokenomics, project vision, roadmap, etc. The website lacks many features, is still rudimentary, and displays only basic information.

What is the IOST blockchain?


IOST is a web3 blockchain operating system established in 2017 and headquartered in Singapore. It is an enterprise-grade blockchain application platform developed for online service providers.

IOST is backed by leading global investment organizations such as Sequoia, IDG, and ZhenFund. The project is building and launching advanced tools for developers. Compared to other public blockchains, IOST stands out in terms of scalability, privacy protection, and developer friendliness.

IOST is expanding into the inscription field. In the initial phase, the project deploys three functions: deploy, mint, and transfer inscription.

Currently, IOSI supports two main token models: IRC20 and IRC21. As the project is officially launched, the IRC100 model continues to be developed and integrated into the public IOST blockchain to enhance the perfection of the blockchain.

According to IOST, the new project's token standards possess many features beyond regular transactions and can be applied in various fields, including DeFi games, DApps, social media, etc. It is built with practical features, promising to compete with earlier-established inscription blockchains.

How to Create an IOST Account

Creating a mainnet The IOST account is free through the IOST's X (Twitter) account with a limited daily allocation. Users can create an account the next day if the daily limit is reached.

Android users can create an IOST account through TokenPocket with the following steps:

  1. Download the TokenPocket app from the official website: https://www.tokenpocket.pro/.
  2. Choose the IOST network.
  3. Click on "Create Wallet" -> "Created by Friends."
  4. Select a username.
  5. Backup your private key.
  6. Send the QR code to invite others to join.


IOST iGas and iRam

Users stake IOST to receive iGAS. Staked IOST can be redeemed when there is no need for iGAS. iRAM is used to obtain storage resources on IOST, and this cost is subsidized by IOSI.

In Conclusion

The IRC100 Protocol is a project implementing a marketplace for token inscriptions, encouraging more user participation in the Bitcoin ecosystem. The community should conduct thorough research before making investment decisions.








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